We get this a lot on our site the answer to Etoro Logo Transparent….Questions that i speak with brand-new investors what if you’re brand new to investing you simply don’t wish to decide what you really wish to invest and you desire somebody to do it for you there’s only a couple of ways that that can happen the first of all you can employ a financial investment portfolio supervisor they’ll generally charge a rather a high premium to do that maybe one or two percent of your profits will go to them the other thing is of course you can purchase mutual funds specific funds are produced once again with an account manager in the background as i’m going to cover in this video they have a service though that’s called copy trading copy portfolios as well now if you’re brand new to a total please remember this platform is quite sophisticated you can do cfds which obviously cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re learning more about please do study the platform don’t just assume due to the fact that i utilize it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they give that choice as well so you really get used to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re investing in real companies if you choose to in this specific video we’re speaking about how to copy other individuals’s financial investments with your cash so clearly your capital is at threat and we have to bear that in mind do not simply do something since that person has stated they’ve made profit 14 months in a row buy these choices due to the fact that you believe is the ideal ones for you which being said let’s dive directly in [Music] The things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of social trading which is one element that is probably.
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famous for it’s the option to see what other traders are doing amazing we do not generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can really say i wish to do precisely what that trader is doing or match that precise portfolio of choices and basically each time they make a trade they buy they sell whatever they do your cash will be simulated with it so that suggests if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the fees included actually vital you understand what are the expenses of this now with any platform there will be some expense to certainly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the zero cost websites then may not charge you for really buying and selling etfs or funds specific products private stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to know before you actually begin purchasing copy trading or copy portfolios and lastly some finest guidance best practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s kick off with costs really important to comprehend these now on there’s a number of costs there isn’t fees to do with actually buying and selling okay so commission fees are free nevertheless there are a couple of other fees the very first one is withdrawal charges so you can certainly put cash in now if you remain in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your cash so you offer your shares you offer your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to make sure that i’m only withdrawing when i absolutely need to now you might say all right that’s quite pricey and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are simply among those alternatives that they have a lot of platforms clearly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every 6 months you understand depends entirely how you’re investing however that is a cost to bear in mind the 2nd cost that i’ve discussed is that conversion fee now with you’re dealing in us dollars just there’s not an option to purchase in euros or uk and that’s great that fits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading 2 and 2 free trade anybody this is standard they have actually i suppose stuck with whatever charge they charge for that conversion rate you sort of need to accept you know if you want to use their platform go from uk to us then that conversion charge is there what are they really giving you in terms of your uk pounds to us dollars and all platforms are the same you can’t haggle with them you can’t go to the bank and state provide me us dollars rather you have to pay their charges now the great thing about however when you have actually converted your money you do not need to invest it immediately that dollar worth can sit in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s truly good utilizing that part of their site will not certainly limit you in any way however we need to be aware of two other costs the first being what’s called spread fees fine and i’m going to reveal you what i suggest on now a spread cost as i’m going to reveal you
on is essentially the difference that is part of the investment platform in between the buy rate and the sale price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that in fact means that when you want to purchase or offer as you can see it’s not the cost you’re seeing up here let me show you that once again so the present rate of tesla is the worth of a share what’s called spread costs is the distinction then really to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of profit from you each time you do a buyer’s share so keep that in mind certainly it’s more costly to purchase than it is to offer so they’re going to give you less back with your sale and you say all right well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it and that is how they make a bit of money on those spread out charges it’s usually incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a bit cash now the last accomplishment is called an
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overnight charge now this is really essential if you’re in fact using cfds yourself too an overnight cost is when you’re not doing that buy offer deal in the exact same day fine there’s then an overnight fee charged or even if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one leverage which implies you’re actually buying the specific possession rather than utilizing utilize anyhow you won’t get hit with these fees but these charges are if you’re utilizing utilize and cfds and then you’re going to have these fees if you’re not buy selling in the exact same day so let’s state if you enter into the aid area this isn’t the over night charges info you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that just applies as i said to cfds there are some additional charges obviously depending on what you are investing in as well this is on your own so keep that in mind however complete fees are entirely within their aid information alright and we discussed as well as complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of actually utilizing these copy functions they do not have any additional fees on top of the regular costs that
are there now what you require to bear in mind though is these possibly handled by other people completely or often have created portfolios you have actually got a genuine individual doing the management you need to make certain you select the individual that’s right for you similar to any line of work this is your monetary properties so we absolutely require to make certain it’s the ideal person for us before we copy them so the first things i would call it if you do want to use this function we have actually got a couple of various alternatives for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not need to put in your charge card details or anything you can essentially have this virtual portfolio imitate as if you are using your own cash but in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine money possibly this is a terrific option for you again to evaluate the theories all right you might want to buy tesla or apple or this etf why not use the virtual option as a method to type of safe have fun with it clearly you might have lost out on gains and losses throughout that time of course if you had invested your real cash it enables you to construct self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to bear in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i suggest by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be risk simply implies am i okay with potentially losing a good amount of this investment or gaining as
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well now keep in mind everything is ups and downs you will generate income you’ll lose cash that’s why they make the statistic 75 individuals will lose money however that similarly implies they’ll lose at some point in their journey obviously individuals do generate income also and i’ve got videos everything about how you can ensure you’re one of the people to really generate income but in this scenario ensure you research study your threat level would you be fine giving your cash to someone else which is successfully what you’re doing and trusting them ensure you comprehend what they’re buying fully if you’re somebody who isn’t wanting to be that risky do not select someone who’s totally into crypto or currency conversion consider it you ‘d probably desire a foundation of strong commodities
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like gold or even oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can really use this too actually quickly over here you can copy individuals now it will provide you a lot of options and you can use the system to actually look for someone that you expensive actually following so let’s see maybe we want someone from united kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds an excellent quantity and i can find everyone who has actually met that requirements and it does provide you a danger aspect too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of individuals that have quite high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to validate are you fine with this and off you go now another method to actually deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she really investing in so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got a few of mine really that i buy too which is excellent so actually for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s also got a bit more um of the sort of main food business and you’ve got you know pharmaceutical and production companies as that. Etoro Logo Transparent.
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